We are now paying the US government to look after our short term cash. Is that risk aversion or what? For the first time since the financial collapse, US 3-month T-Bills are trading negative! One gets an uneasy double dip feeling in the market, not a ‘jolly’ Christmas present. Whispers and rumors that more European banks are in trouble, the paranoia of keeping global rates too low too long causing new asset bubbles, especially in China, the ‘chosen savior’ has [...] read more



